Partnerships & LLPs

Among all the different ways to structure a business, LLPs and partnerships face a particularly unique range of issues that require a very distinct approach.

Structuring a traditional partnership or LLP needs careful planning and water-tight agreements to ensure that members’ rights and duties are clear, as well as understanding of the tax implications and fiduciary responsibilities which are different to those of employees. However, like all businesses, issues such as protecting a firm’s interests when key individuals retire or a team defects, dealing with disputes or grievances, and best managing mergers or joint ventures may all need to be addressed.

Our highly regarded practice advises on all aspects affecting LLPs, partnerships and the individuals who work within them. As well as our well-deserved reputation as the “lawyer’s lawyers”, we are also trusted legal advisers for many leading firms of accountants, surveyors, architects and management consultants, as well as clients utilising a partnership structure in industries such as financial services, marketing communications and healthcare.

James Gill and Mark Hersey write for Accountancy Age: Moving to the Cloud in 2019: 10 steps to avoid the common pitfalls

Clive Greenwood writes for Accountancy Age: How to protect LLP firms from a damaging team move

10 January 2018

In an article for Accountancy Age, Clive Greenwood discusses that while accountancy firms heavily invest in attracting and retaining talent, do they devote sufficient effort to ensuring teams can’t go and play for the opposition?

Lewis Silkin is proud to support Createch 2017

23 June 2017

Createch - the emerging category in which technology enables new forms of creativity and vice versa - was celebrated as a new growth opportunity for the UK at a unique gathering of business leaders, entrepreneurs and creatives.

Proposed disclosure rules for non-UK entities owning property or bidding for Government contracts

12 April 2017

The UK Government proposes new rules requiring non-UK entities that already own, or intend to acquire, UK real estate, or that wish to bid for UK central Government contracts, to be required to disclose information about the beneficial owners of the entity.

Dating apps get even more interesting

17 February 2017

A Scottish court has recently refused to find that a legal partnership existed between two former friends and Mr Elliott in relation to a business arrangement to develop and exploit a couple of online dating apps. The court held that, without a contract, there was no partnership and Mr Elliott was not obliged to share the profits from the venture with the friends.